Citizens (NASDAQ:CIZN) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Citizens (NASDAQ:CIZNFree Report) from a hold rating to a sell rating in a research note published on Friday.

Citizens Stock Performance

Shares of NASDAQ CIZN opened at $7.80 on Friday. The firm’s 50 day moving average price is $8.05 and its 200-day moving average price is $9.53. The company has a market cap of $43.76 million, a PE ratio of 23.64 and a beta of -0.01. Citizens has a 52-week low of $6.64 and a 52-week high of $16.79.

Citizens Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.64 annualized dividend and a dividend yield of 8.21%. Citizens’s dividend payout ratio is presently 193.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new position in Citizens during the third quarter valued at approximately $168,000. Magnolia Capital Advisors LLC increased its holdings in Citizens by 0.5% during the fourth quarter. Magnolia Capital Advisors LLC now owns 203,341 shares of the bank’s stock valued at $2,786,000 after buying an additional 1,060 shares during the last quarter. Vanguard Group Inc. increased its holdings in Citizens by 8.1% during the third quarter. Vanguard Group Inc. now owns 60,453 shares of the bank’s stock valued at $635,000 after buying an additional 4,537 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Citizens by 4.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 42,101 shares of the bank’s stock valued at $516,000 after buying an additional 1,897 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Citizens by 74.3% during the second quarter. BlackRock Inc. now owns 23,056 shares of the bank’s stock valued at $282,000 after buying an additional 9,830 shares during the last quarter. Institutional investors own 11.68% of the company’s stock.

About Citizens

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Citizens Holding Company operates as the bank holding company for The Citizens Bank of Philadelphia that provides various commercial and personal banking products and services. It offers demand deposits; and savings and time deposit accounts. The company also provides secured and unsecured loans; mortgage loans; single and multi-family housing, farm, residential and commercial construction, and commercial real estate loans; commercial, industrial, and agricultural production loans; and consumer loans, as well as issues letters of credit.

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